IndustrialPark Archives

20 Nov

Ethiopia draws more than $1 billion from industrial parks

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Export, IndustrialPark

The country earned $one billion from the products that were exported from the industrial parks. The Industrial Parks Development Corporation has announced that $1.1 billion has been obtained from the products sent to foreign countries from the industrial parks in Ethiopia in the last four years. In Adama Industrial Park, a factory that produces various plastic pipes with an annual income of $17 million has been completed and started working. Mr. Aklilu Tadesse, CEO of Industrial Parks Development Corporation said that various products from 13 industrial parks managed by the corporation are being offered to the foreign market. The CEO…

Woda Metals to Expand its Factory in Sebeta Town to Industrial Park

ethionegari@gmail.com0 CommentsNewsAddisAbaba, EthioNegari, Ethiopia, IndustrialPark

Woda Metals Industry Plc, a major transmission tower and radio mast manufacturer in Ethiopia, is set to develop its factory in Sebeta town into an industrial park. On Wednesday, officials of the company signed an agreement with the Ethiopian Investment Commission (EIC) on the expansion project that will transform the metal manufacturing plant to an industrial level. The signing ceremony, held in presence of the Embassy of China, JETRO, and government officials, comes after the decision on the project was approved by the Ethiopian Investment board. Woda Metals Industry is a company incorporated in China, Japan, and Co registered by…

Ministry says over 40 investors to enter Bulbula Integrated Agro-Industrial Park

ethionegari@gmail.com0 CommentsNewsAddisAbaba, EthioNegari, Ethiopia, IndustrialPark

Ministry of Industry has disclosed on Monday that 42 businesses and private developers are going to enter the Bulbula Integrated Agro-Industrial Park (BIAIP). The firms have expressed their readiness to join the Park. The Park, sprawled over 271 hectares of land in Western Oromia, has been fully equipped with the necessary infrastructures and facilities to accommodate 135 investors. Melaku Alebel, Minister of Industry said Monday that 94 investors have already registered to enter the BIAIP. Of these investors, he said six have already started operations in the park, commissioned for processing of agro-value chains that include fruits and vegetables, dairy,…